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Wherever big industries displaced manufacture, the bourgeoisie developed in wealth and power to the utmost and made itself the first class of the country. The result was that wherever this happened, the bourgeoisie took political power into its own hands and displaced the hitherto ruling classes, the aristocracy, the, and their representative, the. The bourgeoisie annihilated the power of the aristocracy, the nobility, by abolishing the entailment of estates – in other words, by making landed property subject to purchase and sale, and by doing away with the special privileges of the nobility. It destroyed the power of the guildmasters by abolishing guilds and handicraft privileges. In their place, it put competition – that is, a state of society in which everyone has the right to enter into any branch of industry, the only obstacle being a lack of the necessary capital. (en) |
